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MoF and State Bank sign regulations on foreign exchange

Summary

The Ministry of Finance (MoF) and the State Bank of Vietnam (SBV) held a signing ceremony on Regulations on foreign exchange between the State budget and the State foreign exchange reserves.

Updated on : 24-03-2022

The MoF and the SBV have combined fiscal policy and monetary policy, contributing to stabilizing the macro-economy and promoting economic development.

The signing ceremony of the Regulations on foreign exchange between the State budget and the State foreign exchange reserves.

To coordinate with the SBV in operating the foreign exchange market and facilitate the state budget to balance foreign currencies for public expenditure, the MoF and the SBV have developed regulations on foreign exchange between the State budget and the State foreign exchange reserves, which standardizes the transaction process of foreign currencies and reduces transaction time.

The signing of the Regulation has concretized the cooperation contents between the two agencies under the Regulation on working cooperation and information exchange between the MoF and the SBV in 2012.

The implementation of the Regulation will continue to strengthen the coordination of the two sides in the performance of financial and budgetary tasks, monetary policy management, and foreign exchange control to achieve the goal of stabilizing the macro-economy and promoting economic development.